Streetbeat News

Price Targets

ARVN

Jefferies analyst Akash Tewari upgraded Arvinas (NASDAQ:ARVN) from Hold to Buy and increased the price target from $32 to $40, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:08 pm

AAPL

ADP

AMZN

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SMIN

SPY

TSLA

USO

Investors expect the European Central Bank to cut rates six times by 2024, potentially before the Fed does. ADP data indicates a Goldilocks economy with employment change lower than expected but still positive. U.S. Q3 Unit Labor Costs fell more than anticipated, and productivity surged, which is positive for the stock market. India's stock market capitalization reached $4 trillion, with iShares MSCI India Small-Cap ETF (SMIN) up 31.2% YTD. Early trade money flows are positive for major tech stocks and ETFs like SPY and QQQ. Gold and oil are experiencing mixed actions from the momo crowd and smart money. Bitcoin crossed $44,000. The Arora Report advises investors to maintain a balance of cash, hedges, and good long-term positions.

Portfolio Pulse from The Arora Report

December 06, 2023 | 4:08 pm

ESAB

Baird analyst Mircea Dobre has maintained an Outperform rating on ESAB Corporation and increased the price target from $83 to $95.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:08 pm

PLUG

Morgan Stanley analyst Arthur Sitbon downgraded Plug Power Inc (PLUG) from Equal-Weight to Underweight and reduced its price target from $3.50 to $3, citing liquidity concerns and worsening hydrogen economics. Meanwhile, Sitbon reiterated an Overweight rating on Bloom Energy Corp (BE) but lowered the price target from $23 to $22, highlighting strong demand and profitability in its fuel cell business. PLUG shares dropped by 7.31% to $3.93, while BE shares rose by 0.54% to $14.99.

Portfolio Pulse from Priya Nigam

December 06, 2023 | 4:05 pm

ALC

Argus Research analyst John Staszak has maintained a Buy rating on Alcon (NYSE:ALC) but has reduced the price target from $95 to $90.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 4:05 pm

NVDA

NVIDIA (NASDAQ:NVDA) is evaluated against its competitors in the Semiconductors & Semiconductor Equipment industry. It has a lower P/E ratio than the industry average, suggesting undervaluation, but higher P/B and P/S ratios, indicating a premium on assets and sales. NVIDIA's ROE is significantly above the industry average, showing efficient equity use. However, its EBITDA and gross profit are below the industry average, pointing to potential profitability challenges. The company's revenue growth is robust, outpacing the industry average.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

RRC

Range Resources (NYSE:RRC) has received various analyst ratings over the last quarter, with 5 bullish, 4 somewhat bullish, 2 indifferent, and 2 somewhat bearish ratings. The average price target for RRC is now $37.46, up 7.8% from the previous target of $34.75, suggesting an upside from the current price of $31.00. Analysts provide these ratings based on research and forecasts, which are updated quarterly.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

JKHY

Analyst ratings for Jack Henry & Associates (NASDAQ:JKHY) show a mix of bullish, indifferent, and bearish opinions over the last quarter. The average 12-month price target among 8 analysts is $164.88, with a high of $186.00 and a low of $140.00. This target has decreased by 4.83% from the previous average of $173.25. Analysts use various methods, including company data and insider conversations, to determine their ratings.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

EAT

Brinker International (NYSE:EAT) has received 11 analyst ratings in the last quarter, with an average price target of $38.45, which is slightly below its current price of $38.53, indicating a marginal downside. The average price target has increased by 1.18% from the previous target of $38.00. The ratings consist of 4 bullish and 7 indifferent, with no bearish or somewhat bearish ratings. Analysts' ratings are based on company data, financial statements, and insider information.

Portfolio Pulse from Benzinga Insights

December 06, 2023 | 4:00 pm

MDB

RBC Capital analyst Rishi Jaluria maintains an Outperform rating on MongoDB and increases the price target from $445 to $475.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 3:58 pm